Australia
EUR/AUD 4H Chart: Fully reviewAfter approaching the upper trend-line of a dominant channel down pattern, EUR/AUD currency exchange rate began to decline.
After reaching the 50.00% Fibonacci retracement level. The common European currency is slowly moving downwards to test the dominant channel down-trend line up pattern. This retracement can be measured with the high of 1.5772 and the low of 1.5183.
Regarding the short term, the pair is set to approach the lower trend-line of the dominant channel and is likely to be stopped by the weekly PP at 1.5140. Afterwards a temporary retracement upwards should occur.
MYMMF pennant breakout with gap up confirmationMYMMF canadian cannabis company made a small breakout yesterday evening shown by my previous graph yesterday. This morning full confirmation breakout, it gaped up on relatively higher volume through heavy resistance at 2.8$ resistance. Here would be good entry for a run up, this stock might test new all time highs in the coming weeks.
MYMMF wedgeMYMMF making a wedge (ascending/descending?) and could break high before stabilizing again around $2.5 region and consolidating before making another bullrun before legalization
Bat Patter Ideai Have long position,
But im gonna take 1st Profit when Hit D legs and see the price action !!
Good luck Peps
Long EURAUD PlanRationale for Bearish AUD :
1- Is there are a reason to be bullish AUD today? (I could be wrong!)
S&P/ASX 200 Telecom putting in a higher low? The S&P/ASX 200 Telecom bounced at the 78.6 retracement from its 2011 low to 2015 high... which coincides with its 2006 low... good R/R area.. from one Fibo level to the next.
Bearish Cypher in my EUR will be Drop
Good Oportunity to Short after this pull back
Good luck peps !!
